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look's we have a big story here. I`ll check out this and maybe add thsi company to my portfolio
They are sticking in the project development , just my opinion. !!!
"we are happy to announce we have recently completed the first installation under our new high volume project management program."
When will we see the next completion or start of a project ???
Hi Diva
CSS reported in June for May " ,
"We closed the month of May with approximately $7 million in sales for 2011, "
plus the 4.5M in June . so coming out with a total of 11.5M financed sales for 2011 . I gues those are the 8 projects. Only 1.6M are realized and paid at the moment ( Monies received ) 20.6 % is the margining something in the 330K USD . Let's assume they will finalize the 11.M financed projects and nothing changes with the margining rate, they will have 2.369.000 USD earnings in 2011 .
But currently 20.6 % margining is not covering the firm costs.
( My understanding )
However, if they are getting more and more financed contracts onboarded, costs will reduced and the margin rate will increase , CSS should reach án proftiable status.
I Keep my finger's crossed
cheers
Suny
I assume they are getting things under control at least they reduced their costs dramatically .........
look at this
General and administrative expenses were $1,794,147 for the six months ended June 30, 2011 compared to $4,313,755 in the six months ended June 30, 2010, resulting in a decrease of $2,519,608. The decrease is largely due to decreases in non-cash compensation expenses of $2,130,000, ( wer hat die wohl bekommen ?? ) legal fees of $480,000, salaries of $100,000 and warranty expense of $35,000, offset in part by increases in consulting expenses of $84,000, accounting fees of $35,000, recruiting costs of $42,000 and insurance of $24,000.
My unbderstanding is, that just 1 project was finalized and paid.
The 1.6 M / 20.6 % Margin results into 330K USD earnings. But costs are still to high or margin is not enough.
With increasing the revenue and margining and reducing the cost's, it should be possible to turn the ship
Suny
no ....I just hope that CSS delivers the figures we are expecting and confirming that YTD they have achieved revenues 11M (USD 4M in June + 7M previously announced ) with a marging of 13 - 15 % . Also they need to show us that they turned the ship and that the costs are under control.
this would be a good new start
cheers
sunny
Explosive Utility Demand Is Powering The U.S. Solar Market's Expansion
http://www.solarindustrymag.com/e107_plugins/content/content.php?content.8485
I am also expecting to see some activities from an IR + PR area. It is prudent for any company to have this.
Have a nice one
39k share volume ......does'nt look so nice
until June 2011.......sorry I forgot to add this
I assume 11M USD for 2011
I really have to say , I am surprised that the company is not already insolvent.
After the last balance sheet "disasters" I assumed that this will happen.In my opinion a positive sign.
Let's wait for the next figures , news and market feedback.
Hopefully the sun will shine afterwords
cheers
Suny
Continuing: "As we close the month of May with more than $7 million in closed sales for 2011, we have shown our model is working and we will be duplicating the process in other markets in the near-term future. Successful companies know that expansion needs to be tempered in order to build a solid and sustainable growth model. In the Northeast, we have established that plan for success, and we are now taking the steps necessary to duplicate that process into new markets. We have operated for years on the West Coast, completing a number of large and complicated commercial projects which reflects our ability to complete a project anywhere anytime."
If this will be realized , we will see better times and share prices !!!!
:o)
some news would be nice
maybe he plays the same game
looks better than last year end of Q1
just compare expenses and over 400k US Cash remains unchanged since Jan 2011. It' stabilizing.
just my opinion
volume is not enough .......more than 200M shares are out
And it is funded Through PPA
Clear Skies Sign 162 KW Contract; $700k Ground Mounted System
would be nice :o)
"from both the Hong Kong and Chinese governments".
Why ? The balance sheet is just teribble
we can just hope
waiting for the final figures 2010 ????
The Warrant may not be exercised at times when its exercise would result in ownership by the holder and its affiliates of more than 9.99% of the then outstanding shares of Common Stock.
why killer ??? this ensures in the 1st instance that the firm will not be insolvent , that would be the killer
Buy at 0,01 and sell at 0,03 if possible :o)
St. George Investments, LLC own's more than 9,99 % of Clear Skies solar !!!!
2.4 Cents is correct I was wrong dry
The Investor paid 0,0416 USD per Share
Is that cortect ?
12.5m shares
300.000 USD
Any Comment regarding The 8 k filing ?
I experte this
Interessting that still someone Invests 300k in this
Company
just my assumption
tmorrow 0,034
As a result, in Q1 of 2011, we placed the first of several millions of dollars in product orders for the projects developed under this new program. We have announced a combination of LOI's from our client-financers as well as signed contracts that are now moving to the engineering and permitting stage.
At this time we will not be giving guidance for 2011 but we will be releasing news frequently reflecting our progress.
we all should wait for the full report and afterwords hopefully some good news
as of March 1st 4M within 2 months and a 5M finance line
the future is us :o)
which brings us past the $4 million mark in project funding for Jan-Feb 2011. The significance of this milestone is the consistency that we were looking for in our new-deal flow," said Ezra Green, CEO of Clear Skies Solar.
Shit happens but show goes on ....
"but we are pleased to say that we have been begun generating revenue in only two months.W
As a result, in Q1 of 2011, we placed the first of several millions of dollars in product orders for the projects developed under this new program. We have announced a combination of LOI's from our client-financers as well as signed contracts that are now moving to the engineering and permitting stag!
German market ist stabilized at 0,025 EUR being 0,035 USD
That's what I am mentioned, maybe they have done the work but not received the money ........would explain the huge loss.....
But with this big loss they would be insolvent ( chapter 11 )
But until today the are not insolvent.
So it looks that no one is claiming money from the CP
So I think the have got the money in 2011
That would explain the Finance Holding Company , the offices , financed projects, new staff and that the company is still alive
Or has any other person an better explanation ??
The only question is:
" Why they did not give us more information ???"
I sent several mails to Mr. Green, but until now I have not received an reply
I see red ...not green
with 5.5M revenue in 9 Month ????
re: Maybe a big lie... ???
I don't think so ........Hope he will send a comment before Market in Germany opens on Monday !!!
If not , than he will have a serious problem.
How can a company survive with such figures ??
The last PP's where very little once.
I received the below mail on March 30th
Von: eztal
Gesendet: 03/30/2011 07:41 AM AST
An: xxxxxxxxxxxxxx
Betreff: Re: Re: AW: Re: Urgent. Re SEC 4 Filings
Very Shortly I plan on giving a shareholder update. As for other details, as always my hands are tied but can assure you the up date will be quite soon. Sent from my phone
Just some brain storming / I am sure we will get some explantaion soon .......
from February 2011
Clear Skies Solar has now hired Mr. Allen Sosis, to serve as VP of sales and marketing, and Mr. John Conte, to serve as the Company's National VP of residential sales, as the newest members of the CSS Team specifically selected to oversee this high-growth segment of the market.
Mr. Sosis commented, "It is a pleasure to be here with CSS working with the Team during this important time in the Company's history. The expertise and knowledge that has made CSS well known within the industry has already made my job much easier.
He continued, "As a result of the Company's new plan and through these efforts, we have successfully financed several additional commercial projects in a very short time. We expect to start returning this value to the shareholders of Clear Skies Solar in 2011."
WOULD YOU START WORKING IN A COMPANY WITHOUT MONEY ?????
I think this new staff has previously checked if the company is able to pay their salary or not !!
..............................
Maybe they financed also the projects in 2010 and did not get the returns until the end of 2010 ??? ( maybe the expectation was not fulfilled ) This is the only explanation I have .
Why all that new staff would work for CSS ?
How can they finance such projects without Cash ? The cash balance at the end of Q3 2010 was just 80k USD .
How did they pay staff in the last Q of 2010 . ??
I assume they have received some returns in 2011 that was expected to receive in 2010.
That is the reason why they changed their strategy , to move into more commercial projects and generate cash flows.
I think the bog customers did not pay their bills in time.
Another Example from February
The value of this self financed project is approximately $759,000. This project contract is signed, deposited and headed for engineering.
I think this might have a reason
9m Loss. The financings where only Small
Who has given a Credit line ?
What are The collaterals?
Key word. "receivables"
I wait for The Balance Sheet !
Could Be a tax reason
It is possible that a Client paid only in 2011
However, 5m financing is available in 2011
Think we will Get more Information soom
Or some One wants to Play a Game with us
Not Sure Why they Reported in such a Bad Way
Could a Loss from 2010 Be transfered in 2011 for Tax Reasons ?
On 30 . 03 Ezra wrote to Me that he will gove an
Update shortly
From my phone
hopefully together with the figures